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Home Selling in 22306 : Real Estate Advice

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  • Local Info4
  • Home Buying6
  • Home Selling1
  • Market Conditions0

Activity 23
Tue Feb 24, 2015
Marvin J. Felix answered:
You have a few options:
1) If you do not need the proceeds of the condo sale, you may put in an offer for the TH without any contingencies
2) Put in an offer with a contingency stating you cannot close until your condo sales; if you have it listed with an agent already, this will give the seller and their agent confidence that it will sell (if it is priced right for the condition). If you're selling on your own, it will be hard for the seller and their agent to have confidence you will come through in the end.
3) Wait until your condo sells and hope the other TH is still available.

Only you can decide which method you are most comfortable with. Good luck regardless what you do!
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0 votes 8 answers Share Flag
Sat Jul 5, 2014
Rosalyne Chatman answered:
Let me first say that I am sorry you are experiencing this.

The listing agreement you signed with the realtor states the amount of the commission to be paid and how it is disbursed. Unless you have it in writing to modify your agreement, it will be difficult for you to get the agent to reduce their commission . I would suggest that you contact the Broker of that company and speak with them. If the Broker is not accessible, then speak with the Manager of the office.

Unfortunately, your realtor is the realtor (broker) of record on the sale. Therefore, they are still entitled to the commission. Firing the realtor would not resolve the issue.

A last resort would be contact the Real Estate Commission of that state. There may be a violation of the Code of Ethics but I would contact the Real Estate Commission to be sure and to find out if you have any recourse.

This may not be the news you want to hear but I hope it is helpful. Good luck.

Rosalyne Chatman
Century 21 New Millennium
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0 votes 11 answers Share Flag
Tue Jun 12, 2012
Scott Godzyk answered:
This section is for asking questions or answering questions. To promote your home for sale you should be in the blog section and write a blog about it.
0 votes 9 answers Share Flag
Mon Jun 11, 2012
Patricia Contreras answered:
I will be listing a 1 bedroom for rent at the Horizon House in Arlington.
0 votes 1 answer Share Flag
Wed May 2, 2012
Robert Lepelletier answered:
Dear Dmorit:

Sounds like you need legal advise instead of real estate agent advice. There are Northern Virginia law firms that handle condo concerns. The first one that pops to mind is Segan, Mason & Mason in Annandale, VA www dot seganmason dot com. The second is Rees Broome PC. www dot reesbroome dot com

Discuss with the attorneys the means whereby you may properly solicit other owners to join you with your effort

Best of luck to you Sincerely Bob Lepelletier - REALTOR, ABR, GRI Partner Team Maison at Keller Williams Realty 703-310-7880 bob at bobtherealtor dot pro
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0 votes 1 answer Share Flag
Sat Oct 20, 2012
Tina Beasley answered:
I am a professional home stager & a real estate broker, so here are a few tips to get you started. Clear the home of all clutter and most personal items. Make all rooms look inviting to a buyer, not cluttered and full. Even clear out storage spaces & garages to show the space available. Clean, clean, clean. Dust baseboards, window ledges, mouldings and all furnishings. Use a magic eraser to wipe off light switches and handprints from walls, doors and mouldings about doorways. Neutral pleasing paint colors throughout the house is nice. When you have too much color, it can turn a buyer off. If the carpet or flooring is worn, replace it with neutral throughout the house. Not patchwork carpet, meaning one color or texture in one room and different colors/textures in another area.

Pay attention to you yard! Make sure it is nicely groomed, bushes trimmed, freshly mulched beds, and plant some pleasing flowers for the spring market. Clean your house outside if it needs it...power wash vinyl siding and clean walkways, decks and patios. Look at your front door. If it does not look fresh and clean and the knobs and locks are old and worn least put a fresh coat of paint on the door and put a new lockset on the door as well. Be sure to key both the deadbolt and door knob with the same key for convenience of entry.

I could go on and on. But if you truly need me and I will set up a time to meet with you at your home and make a list of things for you to do. I can also bring in items for staging or if the home is vacant and void of furnishings, I can bring in items for staging to take away that "empty" house feeling. Feel free to call me anytime.

Tina Beasley
Envision Real Estate, LC
Associate Broker
804-972-9927 Cell Direct
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0 votes 7 answers Share Flag
Mon Dec 12, 2011
Ron Thomas answered:
Your WORDING of the Disclosure Documents may be different that ours,
but you are required to disclose any MATERIAL FACT that would adversely affect the purchase of the property.
If you have lived in the house, for any length of time, the arguement could be made that you SHOULD know about things and therefore SHOULD disclose it.
I always tell my clients to err on side of disclosure. That $400 water leaks in not owrth going to Court over.

Good luck and may God bless
Merry Christmas
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0 votes 8 answers Share Flag
Sat Oct 20, 2012
Abu Musa answered:
If sellers signed the privacy form which described not do reveal the phone number,then listing agent not suppose to reveal the phone number.
0 votes 15 answers Share Flag
Sat Sep 17, 2011
Vicky Chrisner answered:
Contract to close, in most markets, it is 30-60 days. I don't know what average marketing time in your area is. I would start with contacting agents in both markets and getting their opinion. ... more
0 votes 9 answers Share Flag
Tue Jul 27, 2010
Don Tepper answered:
Check with your broker.

The question probably comes down to the listing agreement that the seller signed with the agent. It's certainly possible that the agreement specifies that a commission is due UNLESS the purchaser came through the military site, or unless the purchaser is a member of the military.

As you know, it's pretty common in Northern Virginia for military folks to try to sell FSBO on the military sites. And sometimes they're successful.

But, to answer your question, the real issue is the agreement the seller has with the listing agent. You might be able to resolve that, frankly, either by asking the seller to allow you to review the contract, or by asking the listing agent. Your broker should be able to provide you guidance on that.

Hope that helps.
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0 votes 3 answers Share Flag
Wed Jul 28, 2010
Delaine Campbell answered:
Unfortunately no one has a crystal ball and you are assuming that you will sell for a better price just because of what you perceive as new demand. That may not be the case. anything can happen and if interest rates go up, there's less demand and less buyers. And man relocatees rent, not buy, if the terms aren't great.
Now is a great time to sell because it's a great time to buy. If you think you are going to sell, I'd do it now while the market is hot, buyers are out there, and looking to buy while rates are down.
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0 votes 1 answer Share Flag
Thu Mar 11, 2010
Ally Gillette answered:
The listing agent for those homes was a Long and Foster agent named Inderjeet Jumani. Long and Foster is a reputable real esate company that prides itself on having knowledgable and experienced agents. When deciding to list your home it is important to interview a few agents and decide which one best suits your needs. I would love the opportunity to interview for the job. My mother and I work on a team for Long and Foster. Between the 2 of us we have a combined experience of over 40 years. We pride ourselves as being the top agents in the Kingstowne Alexandria office. We have a very aggressive marketing campaign that we would love to show you. Please click on the link below. ... more
0 votes 2 answers Share Flag
Wed Mar 17, 2010
Karen Urata answered:

If Bank of America is servicing your loan you would contact them regarding initiating the short sale process.

If you have listed your home with an agent as a short sale and have authorized the agent to speak to the bank on your behalf they should be be able to communicate with Bank of America regarding this on Bank of America's new automated internet system. ... more
0 votes 3 answers Share Flag
Mon Oct 5, 2009
The Mulhern Home Team answered:
Sure you should have no problem as long as you are not asking the bank to forgive any debt you owe them. His lender will run an appraisal on the property so if it comes in lower than $617,000 then you would have to deal with that then. Otherwise, it is just like any other sale and he just gets the family discount!

Jimmy Mulhern
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0 votes 9 answers Share Flag
Mon Sep 21, 2009
Patricia Harris answered:
The Virginia Association of Realtors monitors trends regularly, their statistics show signs of improvement.
How soon varies depending on who you talk to. Some say we will see more definite upward trends by 2010, it is hard to say exactly when.
We have noticed a lot of movement in the market in the 200ks range (short sales and/or foreclosures).
If a house is correctly priced it will sell no matter the range, and that is the hard part for some people to understand. The prices we saw 3 years ago where like a mirage and will not come back, at least for quite some time. Once you get pass that thought then you realize that everyone is in the same boat, if you are selling to buy then it does not matter because the house you are buying will also be at the same price range, unless you bought at the peak.
I can provide you with a real CMA based on sold comps of similar properties in your area.
Let me know if I can be of help.
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0 votes 3 answers Share Flag
Wed May 13, 2009
Delaine Campbell answered:
There are various ways to do it to make it attractive to a buyer. Do you have a listing Agent? That is who you should be asking this question to. If you don't I'd be happy to come and meet with you to discuss listing your home for sale and what the options are as far as buyer allowances and how to approach them to make your listing or offer more attractive. ... more
0 votes 3 answers Share Flag
Wed Nov 5, 2008
Will Nesbitt answered:
If you're getting 2 to 3 visits per week, you might not need to lower the price. (Maybe.) If you're not getting any traffic, that's a clear sign your price is too high. If you're getting 2 to 3 visits per week, but no offers, that's an indicator of other problems to me. Either, your home is not showing in top form (and perhaps there is a staging issue), or the market is flooded with similar homes. If there are similarly priced homes, you have two options: bottom out the price to be the cheapest guy with that type of house, or hang tough until you find someone who likes your tastes. Again, I haven't seen your home, but I don't think price is the problem. Your home might lack a certain appeal that you can' t see because you live there. Or, the market just has more sellers than buyers.

None of that answers your question.

To your question, once you have made up your mind to lower the price, the first thing you should do is call the folks who are interested and advise them that you are about to lower the price. This might induce them to make an offer before the price is lowered.
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0 votes 7 answers Share Flag
Tue Jul 23, 2013
Dallas Texas answered:
Nothing, your real estate agent would need to list your home here on Trulia. If the agent prefers to have it featured listing cost a fee. ... more
0 votes 3 answers Share Flag
Tue Apr 14, 2009
Danilo Bogdanovic answered:
Unless you can hold on to it for at least 3 more years, then sell it now. Unless you wait at least that long, you will probably end up selling it for the same, if not a less than what's it's worth today. It'll be at least 3 years (if not more) before we start seeing prices start going up again.

Looking back historically to the '90s, the market went sideways for almost 5 years before starting to reboun in the latter part of the decade. It'll probably be the same this time around.

Btw...if your condo was on the market for 200+ days without and offer, it's overpriced. It all comes down to price in this market.
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0 votes 4 answers Share Flag
Tue Apr 22, 2008
FrankyRealty answered:
It would only be crazy if you think the house might be flattened by a developer. Otherwise, enjoy!
0 votes 9 answers Share Flag
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